Week Ahead

The new week begins with a noticeably different market tone. A trade that had appeared stable and well understood, built largely around yield differentials, fractured late last week, reminding participants how quickly currency dynamics can change once policy risk enters …

History delivers a clear message to markets. When a currency loses credibility, confidence is usually the first casualty, followed soon by institutions themselves. Germany’s experience in 1923 is a classic example. Hyperinflation reduced the mark to near worthlessness, with citizens …

Following a strong run for the dollar and fresh highs in equity markets, traders are once again weighing whether momentum pauses or extends further. The current US administration has increasingly framed economic and national security as part of the same …

Just as markets were beginning to settle into the new year, an unexpected geopolitical jolt crossed the wires. On 3 January, the United States carried out a military operation that led to the capture of Venezuelan President Nicolás Maduro. He …

The economic calendar looks relatively light in the days ahead, yet price action may tell a different story. As year-end approaches and liquidity continues to thin, even small data surprises could be enough to knock the US dollar, gold, or …

Artificial intelligence remains the dominant theme in equity markets, but the narrative is evolving. Investor focus has shifted away from lofty expectations around productivity gains and towards the underlying economics of the AI build-out. This stage of the cycle is …

The quiet appearance on the charts hides a growing risk. Should BOJ officials hint at even a slight change in tone, the yen carry trade, one of the major engines behind global market performance could unwind sharply. With the Fed …

The swift shift in expectations for the Federal Reserve followed an unusually dovish tone from typically centrist policymakers, including New York Fed President John Williams and Governor Christopher Waller. Their latest comments suggested that interest rates may need to be …

After months of ‘higher for longer’ messaging, the latest labour figures point to a cooling yet still resilient jobs market. The delayed September non-farm payrolls report showed 119,000 jobs created, although the unemployment rate climbed to 4.4%, its highest level …

The late-2025 US government shutdown has created a significant gap in economic reporting, with several major indicators either postponed or unlikely to be published before the Federal Reserve’s 10–11 December meeting. Thus far, only the September CPI figures have been …